Rivian Automotive Inc. (NASDAQ:RIVN) currently has a daily average trading volume of 31.71M but it saw 30315182 shares traded on Thursday. With a market cap of 12.80B USD, stock’s current market price of $13.46 came rising about 3.30 while comparing to the previous closing price of $13.03. In past 52 weeks, the stock remained buoying in the range of price level as high as $56.76 and as low as $12.80. In the recent trading on the day, stock has struck highest price mark of $13.50 while lowest mark touched by it was $12.91.
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Taking a look at 20-day trading activity of Rivian Automotive Inc. (RIVN) gives us an average price of $16.48, while its current price level is -76.29% below from 52-week high level whereas it is 5.20% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $17.58 while that of 200 days or SMA-200 reads an average of $27.81. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.19% during that period while stretching the period over a month that increases to 7.08%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 34.61 which implies that the stock is in neutral territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the BofA Securities which resumed the stock as “Buy” in its note to investors issued on March 10, 2023, recommending a price target of between $50 and $40 for it. Barclays issued its recommendations for the stock as it initiated the price target for the stock is $28.
Over the week, RIVN’s stock price is moving -7.36% down while it is -30.94% when we observe its performance for the past one month. Year-to-date it is -26.97% down and over the past year, the stock is showing a downside performance of -63.62%.
The latest quarterly earnings report issued by the company was for quarter ended 9/29/2022, when its quarterly earnings per share (EPS) of -$1.57 beat the consensus estimate of -$1.82 for the same. The company is expected to be releasing its next quarterly report in 05/11/2023, for which analysts forecasted an EPS of -$1.93 while estimate for next year EPS is -$6.72. For RIVN, analysts are forecasting an EPS-growth rate of 54.50% for current year and estimate for EPS growth in next year is 17.70%. In next quarter, company is expected to be making quarterly sales of $860.97 million as analysts are expecting the sales for current fiscal year at $1.73 billion and seeing the company making $5.29 billion in sales next year. Moreover, analysts are in estimates of $746.38 million for current-quarter revenue.
Currently, Rivian Automotive Inc.’s total number of outstanding shares is 925.00M with 12.24% of that held by the insiders while 68.40% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -45.60% and return on equity (ROE) at -42.00%. Stock has a price to book (P/B) ratio of 0.90 while price to sale or P/S ratio amounts to 7.72. Its return on asset (ROA) is -34.50% on average.
A filing at the U.S. Securities and Exchange Commission revealed that T Rowe Price Growth Stock Fund came shrinking its share ownership by -15.52% in the Rivian Automotive Inc. (RIVN) decreasing its stake to 4.29% with control over -7.19 million shares in the company. As per SEC documents, T Rowe Price Growth Stock Fund sought 39,129,173 of company’s common stock of worth $755.19 million as per recent closing price of the stock. T Rowe Price Growth Stock Fund is not the only institutional holder which restructured its stake in Rivian Automotive Inc., as Vanguard Total Stock Market Index picked 19,570,498 shares of worth $377.71 million to bring its holdings to a total of 0.11 million shares. In the most recent quarter, American Funds Growth Fund of Ame came cutting its stake by -11.50% in the company and now holds 17.28 million or 1.89% of the company’s stake having worth of about 333.45 million.
